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Jan 29, 2013
01/13
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economy is dependent upon cheap gas. if we change anything in that equation, everything will fall apart. there is a clear rhetoric that goes back for decades. the power industry is very good at saying if you raise the price of electricity and force us to put scrubbers on coal plants, we can't guarantee the viability of the plants and the investment is so huge people won't be able to afford to heat their homes. there is a lot of rhetoric any time you want to mess with the status quo. >> jeff, why do you think he will need to rally popular support on this? why do you think this doesn't break through. you look at the existential list, climate change is always near the bottom at 2 or 3 or 4 or 5%. why is this? for all the attention given in the media and al gore, why i don't it break through in the media? >> too many people think it's about saving polar bears and distant things that happens to children in future generations and won't impact their lives. >> i think it is changing because of hurricane sandy and extreme weather
economy is dependent upon cheap gas. if we change anything in that equation, everything will fall apart. there is a clear rhetoric that goes back for decades. the power industry is very good at saying if you raise the price of electricity and force us to put scrubbers on coal plants, we can't guarantee the viability of the plants and the investment is so huge people won't be able to afford to heat their homes. there is a lot of rhetoric any time you want to mess with the status quo. >>...
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Jan 31, 2013
01/13
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and the economy is contracting. the idea is, you get the federal government to put some money in, and that's going to create larger job growth across america. it just hasn't happened. so the question is, how long do we make this bet? >> so robert reich writes about consumer confidence, found this in "the huffington post," why consumers are bumd out. "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper middle class and wealthy, and there's no sign of inflation, as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in foreign markets. europe is careening into a recession. japan is still in deep trouble. china's growth has sloat wed. profits are the highest share of the u.s. economy on record, wages are the lowest. bu
and the economy is contracting. the idea is, you get the federal government to put some money in, and that's going to create larger job growth across america. it just hasn't happened. so the question is, how long do we make this bet? >> so robert reich writes about consumer confidence, found this in "the huffington post," why consumers are bumd out. "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low...
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Jan 30, 2013
01/13
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new numbers in on the growth of the economy. not a dramatic dip if you just look at the number itself, but from where we are right now to where it was in the first quarter, quite sacrificing, quite a downturn. >> let's hope the economy is not running on empty. good morning. this is a bit of a surprise. gdp for the fourth quarter, the first look coming in at a negative .1%. it was the first drop in the economy below zero since the second quarter of 2009. the big drop though and i'm going to hedge that number a little bit, the big drop was twofold. number one, 15% decline in federal government expenditures, a lot of concern about defense. that could be fiscal cliff related. remember we talked about it a lot. people froze up perhaps. we also saw a drop in exports. good news in that report is that personal disposable income rose above 8%. it was up $236 billion, and this morning, we have the adp private sector payroll jobs numbers showing a gain of 192,000 jobs. >> brian quickly, what did the personal savings rate go up to if. >> th
new numbers in on the growth of the economy. not a dramatic dip if you just look at the number itself, but from where we are right now to where it was in the first quarter, quite sacrificing, quite a downturn. >> let's hope the economy is not running on empty. good morning. this is a bit of a surprise. gdp for the fourth quarter, the first look coming in at a negative .1%. it was the first drop in the economy below zero since the second quarter of 2009. the big drop though and i'm going...
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Feb 4, 2013
02/13
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the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for jobs so they're not counted in these calculations. >> well, the ones who are still looking are and they're getting more jobs. the people who are unemployed six months, they get jobs quickly. they turn over. and the really discouraged category, the three years or more, and this gets to that baby boomer story if you saw it in "the new york times" over the weekend, they're still in a pretty tough spot. but there is good news on some of the long-term unemployed. and the other piece of good news is in the so-called new claims for unemployment insurance,
the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for...
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Feb 1, 2013
02/13
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consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate. and the december revision is up 40,000. the november revision, i want to get the numbers right, because they're kind of shocking. the november revision is up from 161,000 to 247,000. >> wow. >> it's gone up almost 100,000. now, one thing to be said about this jobs report, this is an annual rebenchmarking, they are looking back at the jobs report and getting their models to fit the way the actual economy, the way the actual labor market looks and they should be significantly more accurate. that's a huge revision. the jobs report, the headline isn't the 157,000 jobs fo
consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate....
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Feb 6, 2013
02/13
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this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of the primaries. >> in '80. >> in '80. he was prepared in a way for what he arrived at. and i think it's worth remembering. >> so let's take a trip down memory lane. >> oh, i like that. >> i love doing this. here's a clip of tom brokaw in 1967. >> what? >> yeah. watch this. >> interviewing dwight eisenhower during eisenhower's visit to see then-governor and presidential candidate ronald reagan. wow! >> almost four years ago now you encouraged all republicans who thought that they might be candidates for president to get into the race. do you still stand by that f
this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of...